What are the technical levels in play for the major currency pairs vs the USD?

EURUSD:

USDJPY:

GBPUSD:

USDCHF:

USDCAD:

AUDUSD:

NZDUSD:

This article was written by Greg Michalowski at www.forexlive.com.

• Major US indices close mixed. Dow lower for 7th day in a row. S&P unchanged. Nasdaq higher
• Pres.elect Trump is out to end the daylight saving time
• US prepares new AI chip restrictions to other countries to box out China – report
• S&P affirms Mexico’s credit ratings
• Looking at long-dated bonds…
• European equity close: A finish on the lows of the week
• MUFG trade of the week: We stay long USD/CAD
• US Treasury yields have risen every day this week
• Disappointment sets into the China trade once again
• France names a new Prime Minister who will look to mend fences
• China central bank surveys banks on bond buying – report
• US import prices for November MoM 0.1% vs -0.2% estimate. YoY 1.3%
• Cananda October manufacturing sales +2.1% vs +1.3% expected
• Canada October wholesale sales +1.0% vs +0.5% expected
• ForexLive European FX news wrap: Mixed markets in final stretch of the week
• ECB’s Centeno: The rate cut decision yesterday was fortunately absolutely consensual
• BOJ reportedly considers skipping rate hike at next week’s policy meeting
• ECB’s Makhlouf: The direction of travel on interest rates is clear
• ECB’s Vasle: Declining services inflation strengthened the confidence in return to target

Markets:

• Gold fell -$31.91 or -1.19% at $2648.66. Gold is ending the week up $16.27 or 0.619%
• WTI crude oil rose $1.07 or 1.3% at $71.10. Crude oil is up $3.88 or 5.77%

US yields rose every day this week as the market adjusted to a less accommodative Fed in 2025 as a result of a solid economy. The gains came despite the expectations that the Fed will cut rates by 25 basis points when they need next week.

• 2 year yield 4.2448% up 5.9 bps. For the week, yields are up 13.7 bps
• US 10-year yields 4.394%, up 7.1 bps For the week yields are up 25 bps

The US stock indices were mixed today with the Dow falling for the 7th day in a row. The S&P was unchanged and the Nasdaq marginally higher

• Dow industrial average fell -86.06 points or -0.20% at 43828.06. The NASDAQ closed lower for the 7th consecutive day (down 2.82%). For the trading week, the index fell -1.82%
• S&P index fell -0.16 points or -0.0% at 6051.09. For the trading week the index fell -0.64%.
• NASDAQ index rose 23.88 points or 0.12% at 19926.72. For the trading week the index squeaked out a small 0.34% gain.

In the forex, the USD is closing mixed vs. the major currencies. The USD:

• -0.32% vs the EUR
• +0.66% vs the JPY
• +0.41% vs the GBP
• +0.07% vs the CHF
• +0.10% vs the CAD
• +0.16% vs the AUD
• +0.16% vs the NZD

For the trading week, the USD rose vs all the major currencies as the expectations for the Fed to cut rates in 2025 eased and other central banks cut rates willingly. The SNB cut rates by 50 bps as did the CAD. The ECB cut rates by 25 bps but did talk about 50. The Bank of Japan may not raise rates at their next meeting which is bearish for that currency.

The % changes of USD vs the major currencies shows.

• +0.61% vs EUR
• +2.42% vs JPY
• +0.89% vs GBP
• +1.65% vs CHF
• +0.61% vs CAD
• +0.45% vs AUD
• +1.06% vs NZD

.For a review of the technical’s driving the major currency pairs CLICK HERE.

Key events next week will be highlighted by

• The Fed meeting and rate decision on Wednesday at 2 PM with the expectations of a 25 bp cut.
• The Bank of Japan on Thursday with no change expected
• The BOE will also meet on Thursday with no change expected.

IN other key data releases:

• PMI flash data will be released in Europe and the UK, and then the US on Monday.
• UK employment data will be released on Tuesday at 2 AM ET
• Canada CPI data will be released on Tuesday at 8:30 AM ET
• US retail sales will also be released at 8:30 AM ET (0.6% estimate).
• UK CPI will be released at 2 AM on Wednesday
• New Zealand GDP for the quarter will be released on Thursday
• US final GDP for the third quarter will be released on Thursday at 8:30 AM ET along with the weekly initial jobless claims data.
• UK retail sales will be released on Friday at 2 AM ET
• Canada retail sales will be released at 8:30 AM on Friday
• US PCE data will be released at 8:30 AM on Friday

This article was written by Greg Michalowski at www.forexlive.com.

The major US indices are ending the session with mixed results. The Dow industrial average is marginally lower. The S&P is near unchanged. The NASDAQ index is marginally higher.

A snapshot of the closing levels shows:

• Dow industrial average fell -86.06 points or -0.20% at 43828.06. The NASDAQ closed lower for the 7th consecutive day (down 2.82%). For the trading week, the index fell -1.82%
• S&P index fell -0.16 points or -0.0% at 6051.09. For the trading week the index fell -0.64%.
• NASDAQ index rose 23.88 points or 0.12% at 19926.72. For the trading week the index squeaked out a small 0.34% gain.

For the small-cap Russell 2000, the index fell -14.18 points or -0.60% at 2346.89. For the trading week the index fell -2.5778.

Today Broadcom soared 24.43% after reporting earnings and raising guidance. The gains came at the expense of Nvidia which fell -2.25%.

Other large-cap names to do well today:

• Microsoft, -0.51%
• Amazon -0.66%
• Meta -1.66%
• Alphabet, -1.11%

Tesla meanwhile rose 4.34% to a new record level

This article was written by Greg Michalowski at www.forexlive.com.

The EURUSD is ending the week lower after an up-and-down path to the downside. The move to the downside fell below a cluster of MAs with the 200 hour MA being the one that has put a lid on the pair on Tuesday, Wednesday, Thursday and again on Friday. That ceiling increases the 200 hour MA level’s importance. The level comes in at 1.05258. In early trading next week, stay below keeps the sellers more in control. Move above and the 38.2% of the November range at 1.05628 and swing area at 1.05926 to 1.0611 becomes the next key target.

If the price stays below the MAs (below 1.05258, the downside target is a swing area between 1.0448 to 1.0461. Move below that level and the swing low from November 26 at 1.0424 would be targeted, folllowed by the low from November at 1.0332.

This article was written by Greg Michalowski at www.forexlive.com.

Bybit, the world’s second-largest cryptocurrency exchange by
trading volume, continues to reinforce its commitment to transparency and
regulatory compliance. In response to evolving regulations, Bybit has made the
difficult but necessary decision to temporarily adjust the availability of its
products and services within the European Economic Area (EEA).

Paving the Way with MiCAR Compliance

Bybit is actively pursuing a Markets in Crypto-Assets
Regulation (MiCAR) license in Austria, a cornerstone of its compliance-first
approach. This effort underscores Bybit’s dedication to aligning with stringent
European regulatory standards, enhancing user protection, and delivering a
secure trading environment.

“Obtaining the MiCAR license will be a strategic milestone
for Bybit,” said Ben Zhou, Co-founder and CEO of Bybit. “Our proactive
stance ensures that we meet and exceed the expectations of both regulators and
our users, as we work toward a future where innovation and compliance coexist
seamlessly.”

Temporary Adjustments to EEA Operations

To ensure ongoing compliance with applicable regulatory
laws, particularly regarding reverse solicitation, Bybit has made the difficult
decision to generally cease all communication with the EEA region. This measure
is intended to avoid any potential breach of the strict reverse solicitation
principle. Existing customers‘ access to their crypto assets remains
uninterrupted.

Although this was a challenging decision, it was necessary
for Bybit to maintain its compliance-first approach. Bybit is actively working
towards obtaining a MiCAR license in Austria to become one of the first players
in the EEA. Once the appropriate licensing is secured, Bybit will start
engagement with its EEA clients in accordance with applicable laws.

Balancing Innovation with Compliance

“As cryptocurrency adoption continues to grow globally, it
is Bybit’s mission to deliver secure and reliable trading experiences
underpinned by robust regulatory framework to all crypto communities,“
said Ben Zhou, Co-founder and CEO of Bybit. „To ensure we meet the
highest standards and pave the way for a safer and more sustainable future for
the industry, we’ve made the proactive decision to temporarily adjust our
operations in the EEA. This allows us to focus on obtaining the necessary
licenses and ensuring a fully compliant platform focused on serving EEA
clients.“

Commitment to the EEA Market

Bybit will be deeply committed to serving its EEA clients
once it receives a MiCAR license. The company is actively engaging with
regulatory authorities to expedite the licensing process and start full
operations in the region.

Bybit appreciates the support of its users as it navigates
this pivotal regulatory journey. For questions or assistance, users are
encouraged to contact Bybit’s Customer Support team via Live Chat.

About Bybit

Bybit (https://www.bybit.com) is the world’s second-largest
cryptocurrency exchange by trading volume, serving over 50 million users.
Established in 2018, Bybit provides a professional platform where crypto
investors and traders can find an ultra-fast matching engine, 24/7 customer service,
and multilingual community support. Bybit is a proud partner of Formula One’s
reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

This article was written by FL Contributors at www.forexlive.com.

In the fast-paced world of digital currencies, a select few
are showing remarkable potential. As the holiday season nears, these five
cryptocurrencies might offer extraordinary returns on a modest investment. This
article explores the digital assets that could transform $500 into a
substantial fortune by Christmas Eve.

CYBRO to List Ahead of Schedule Following 450% Surge and
$7 Million Presale

CYBRO, the AI-driven multichain platform, is accelerating
its timeline for listing on major exchanges after a standout presale
performance. The platform raised $7 million and drew nearly 20,000
investors, positioning itself as a frontrunner in decentralized finance
innovation.

During its presale, CYBRO’s token price surged 450%,
climbing from $0.01 to $0.055. The token is set to debut at $0.06 on major
crypto exchanges including Gate.io, and the listing is planned on December
14th.

Be
part of CYBRO’s listing momentum before it unlocks the full potential

CYBRO aims to democratize access to decentralized finance
with tools such as staking, farming, and lending. Its presale marked key
milestones, including:

• CYBRO
  App Launch: Over 30 vaults offering competitive APYs, tailored to diverse
  investor strategies
• Blast
  Index Debut: A one-click investment feature that simplifies DeFi
  participation by integrating with lending protocols
• Platform
  Growth: Laying the groundwork for a streamlined, user-centric DeFi
  ecosystem.

The platform’s roadmap through 2025 promises to build on its
foundation with advanced features such as leverage farming, lending
aggregators, and enhanced AI-powered tools.

CYBRO’s listing comes amid growing interest in AI-driven
financial platforms. With the momentum from its presale and a planned listing
price of $0.06, the project is set to draw increased attention from both retail
and institutional investors.

As CYBRO prepares for its market debut, its combination of
strong fundamentals and rapid growth positions it as one to watch in the
evolving DeFi landscape.

Prepare
for Lift-Off: CYBRO’s presale success is just the beginning

Bitcoin’s Upward Trend Signals Possible Break Above
$110,000 Resistance

Bitcoin is trading between $94,339.67 and $105,687.77,
continuing its upward movement with a 14.72% gain over the past month and a
52.22% increase in six months. The 10-day simple moving average is $100,794.02,
higher than the 100-day average of $98,638.73, indicating positive momentum.
The relative strength index stands at 57.60, suggesting room for further growth
before reaching overbought levels. The nearest resistance is at $110,331.88;
surpassing this could propel Bitcoin toward the second resistance at
$121,679.99. This potential rise represents an additional 10% to 15% increase.
Traders are watching these levels closely as Bitcoin shows signs of continuing
its upward trajectory.

Ethereum’s Upward Momentum Tests Key Resistance Levels

Ethereum is currently trading between $3643.14 and $4232.62,
showing strong momentum with a 16.52% increase over the past month. The
cryptocurrency is approaching its nearest resistance level at $4457.83.
Technical indicators like the MACD at 57.06 suggest bullish momentum, but the
RSI at 70.90 and Stochastic at 91.50 indicate overbought conditions. If the
upward trend continues, Ethereum could potentially rise to the second
resistance level at $5047.32, representing an increase of about 19%. However, if
the price fails to break the resistance, it may retrace to the nearest support
level at $3278.88.

Solana Shows Potential for Growth as Price Eyes
Resistance Levels

Solana’s price is currently between $219.27 and $251.07. In
the past month, it has risen by 3.51%, and over the last six months, by 61.12%.
The nearest resistance level is at $264.93. If the price moves above this
point, it could reach $296.73, an increase of around 18%. The nearest support
level is at $201.33; if the price falls below current levels, it may find
support there. The coin’s average price over the past 10 and 100 days is
similar, indicating stability. Indicators suggest the coin is not overbought.
If the positive trend continues, Solana could see further gains.

Cardano’s Rapid Rise Slows Down: Will ADA Keep Climbing?

Cardano (ADA) has seen impressive growth in the past month,
nearly doubling in price. Currently trading between just over one dollar and
around one dollar thirty, it is approaching the nearest resistance level at
$1.46. Technical indicators like the Relative Strength Index suggest that ADA
is in overbought territory, hinting at a possible price correction. The
Stochastic indicator also supports this. However, the MACD level shows
continued upward momentum. If the price breaks above the resistance level, it could
reach the next target at $1.73, representing a significant gain. On the
downside, the nearest support level is just below one dollar.

Conclusion

While established coins like BTC, ETH, SOL, and ADA have
shown steady growth, their short-term potential may be limited. In contrast,
CYBRO offers an exceptional opportunity for investors seeking significant
returns before Christmas Eve. As a sophisticated DeFi platform on the Blast
blockchain, CYBRO uses AI-powered tools to boost earnings through yield
aggregation. It provides high staking rewards, exclusive airdrops, and cashback
on purchases. Users enjoy smooth deposits and withdrawals, ensuring a seamless
experience. With a strong focus on transparency, compliance, and quality, CYBRO
has attracted notable interest from major investors and influencers. This
positions CYBRO as a standout project with unparalleled potential for
maximizing returns in the short term.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

This article was written by FL Contributors at www.forexlive.com.

• Prior +7.5%
• New yuan loans ¥0.6 trillion
• Prior ¥0.5 trillion

The year-to-date total for new yuan loans is now seen at ¥17.1 trillion and barring an unprecedented surge in December, it will fall far short of the 2023 record of roughly ¥22.8 trillion. For some context, this figure was ¥21.3 trillion back in 2022. It’s not too bright a side as new bank lending slows down in a crucial time when Beijing is trying to revive domestic demand conditions.

This article was written by Justin Low at www.forexlive.com.

• The pace and number of further rate cuts will depend on inflation developments

I want to say that his comments are a bit incomplete for now as the ECB has clearly put more emphasis on the economy in their last two rate cuts, as opposed to the inflation story. But they can be happy that the disinflation trajectory is still largely intact I guess, even with a couple of bumps seen.

This article was written by Justin Low at www.forexlive.com.

The greenback is sitting up against the yen and pound but holding lower against the euro so far today. This comes as stocks are looking to bounce back with US futures up 0.3% but Treasury yields are lightly changed though. So, there is definitely some mixed sentiment in there.

Looking at USD/JPY first, the pair is up 0.5% to 153.40 levels now and I’d argue that this is more of an extension higher after the technical break earlier this week. The pair pushed above its 200-day moving average (blue line), opening up scope for further gains as buyers leaned on the key level during the week:

As for EUR/USD, the pair had just moved up to a high of 1.0495 in the past hour without any meaningful headlines to stoke the flames. But I want to point out the extremely large option expiries at 1.0500 as being a potential pull factor. So, there’s that.

Meanwhile, GBP/USD is down 0.2% to 1.2640 but that owes much to the softer UK October monthly GDP data from earlier. It reinforces the narrative that more sluggish economic conditions will eventually weigh on the BOE outlook and quicken the pace of rate cuts going into next year.

Besides that, the dollar is mostly little changed against the rest of the major currencies.

In broader markets, stocks are up but I want to say that Wall Street might have other ideas after the setback yesterday. The only time US stocks produced gains this week was after the critical US CPI report on Wednesday. So, there is a hint of caution there to the early gains we’re seeing thus far today.

Elsewhere, gold is down 0.6% to $2,665 as the rejection of the 25 November high of $2,721 looks to keep the December run higher in check for the time being.

This article was written by Justin Low at www.forexlive.com.

• Declining services inflation strengthened the confidence in return to target.
• ECB will decide monetary policy meeting by meeting on the basis of current situation, core inflation and policy transmission.
• Inflation is steadily approaching the target.
• Services inflation remains high, but in recent months it has been steadily moderating which was partly due to lower wage growth.
• Monthly data continue to point to weak growth both due to poor conditions in manufacturing and slowdown in services sector growth.

This article was written by Giuseppe Dellamotta at www.forexlive.com.